Sat.Nov 04, 2023 - Fri.Nov 10, 2023

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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs. These costs have surged due to a combination of factors, including supply chain disruptions, labor shortages, increased material prices, and evolving regional risk expo

Risk 354
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Construction Company Budget Vs. Cash Flow

Contractor Bookkeeping

Finding some certainty can make all the difference in the unpredictable construction business world. While the future remains a mystery, budgeting and cash flow forecasting tools can significantly reduce uncertainty, allowing you to anticipate challenges, learn from past events, and enhance your ability to navigate your business. Budget vs. Cash Flow: the crucial distinction A common misconception is that a budget and cash flow are interchangeable.

Cash Flow 100
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8 ways to build your brand

Construction Dive

Contractors often downplay marketing efforts and instead rely on word-of-mouth connections, but a few simple steps can help find new clients, says a construction branding expert.

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Generational Change: Handing Your Business Over to New Ownership

Viewpoint Construction Technology

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint 169
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Forecasting With Confidence: How Contractors Can Solve Four Common Challenges

At the highest level, contractors understand the importance of accurately predicting and preparing for variances in costs or schedules when delivering a construction project. In fact, leaders know it is essential to the profitability, cash flow and potential viability of projects. For that reason, forward-thinking decision-makers who know that forecasting is a complex process, also realize that this is not feasible by using out-of-date systems.

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Warning: Adding on to Your Building May Not Be Possible

Wolgast Corporation

What you should know before expanding your business Many of our clients begin their business expansion quest by attempting to add on to their existing building rather than moving their operation, and most of the time they’re able to move ahead without any problems. Expanding their existing space to make more room for additional manpower or machinery could be more affordable than building new or renovating another building.

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FM 2023 & Beyond!

Job Order Contracting

FM – 2023 and Beyond 1) Owner Leadership, Commitment, & Accountability 2) Integrated Planning, Procurement, and Project Teams, Processes, and Workflows 3) Standards and Guidance – Shared Objective, Granular, Local Market Construction Task & Cost Data, Expanded Masterformat, Expanded UNIFORMAT 4) Frameworks and Contracts Focused Upon Mutually Beneficial Outcomes for ALL Participants and Stakeholders 5) Manditory Initial and ONGOING Education and Training 6) Quantitative Perfor

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Construction Industry Trends: October 2023 Roundup

Viewpoint Construction Technology

Rate pauses, job outlooks, rule changes, and a billion-dollar penitentiary—what a month October was! Let’s take a look back in this month's roundup.

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Reverse mentorships bridge generational gaps

Construction Dive

The practice helps longtime employees learn tech and communication skills, while newer workers gain valuable insight from experienced colleagues, according to a Suffolk project manager.

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Construction Industry Stats for August 2023

Construction Business Owner

Construction Industry Stats for August 2023 ccapoccia Fri, 11/10/2023 - 14:57 The Construction Business Owner team compiles statistics each month from several sources, including the American Institute of Architects (AIA) and the United States Census Bureau, to give you a better understanding of the current state of affairs for the construction industry.

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Leading the Way in Construction EHS Software

The Verdantix Green Quadrant: EHS Software 2023 is an independent third-party analysis of 23 EHS software vendors (including Intelex) that provides an in-depth look at the technical capabilities, application breadth, innovation focus, and momentum of key environmental, health, and safety management software market players. The guide is essential reading for EHS software benchmarking, especially for understanding unique vendor strengths and capabilities.

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FM 2024 and Beyond!

Job Order Contracting

FM 2024 and Beyond 1) Owner Leadership, Commitment, & Accountability 2) Integrated Planning, Procurement, and Project Teams, Processes, and Workflows 3) Standards and Guidance – Shared Objective, Granular, Local Market Construction Task & Cost Data, Expanded Masterformat, Expanded UNIFORMAT 4) Frameworks and Contracts Focused Upon Mutually Beneficial Outcomes for ALL Participants and Stakeholders 5) Manditory Initial and ONGOING Education and Training 6) Quantitative Performance Me

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Cladding Remediation and Improving Fire Safety in the UK’s High-Rise Buildings

Viewpoint Construction Technology

When it comes to fire safety in the UK: when you know better, you do better. Learn how to tackle unsafe buildings with remediation and collaboration.

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Construction groups sue over Davis-Bacon change

Construction Dive

The prevailing wage rule update went into effect Oct. 23, and it could mean higher hourly wages for workers on major federal projects.

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What Contractors Should Know About the Build America, Buy America Act

Construction Business Owner

What Contractors Should Know About the Build America, Buy America Act ccapoccia Thu, 11/09/2023 - 11:03 Battling back from the Great Depression, the Hoover administration passed the “Buy American Act” in 1933. The basic premise of the law was to revive and bolster the economy by requiring U.S.-sourced iron and steel mined or produced in the U.S. to be used in projects for the federal government.

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The Ultimate Procurement Software Buyer’s Guide

Choosing the right procurement software is a crucial step in ensuring third-party risk management, process governance, and bidding efficiency. With so many procurement solutions to choose from, it can be overwhelming without a frame of reference and a solid starting point. This free buyer’s guide will cover: Benefits of Procurement Software –– Why do you need it?

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Over 275 Partners Now Integrate with Autodesk Construction Applications 

Autodesk Construction Cloud

21 New Integrations for Autodesk Construction Cloud Construction companies produce an immense amount of data every day; but are firms actually leveraging this goldmine of insights? New research from Deloitte Access Economics , commissioned by Autodesk, suggests there’s work to be done here. Today, only 20% of construction firms identify as data leaders, with the remaining 80% reporting either beginner or emergent levels of data capabilities.

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Boston Plumber’s Pipe Dream Comes True at Inaugural Plumbing National Championship

Contractor Magazine

The Elite Trades Championship Series is on a mission to elevate the profile of plumbing by framing pipework as a competitive sport.

Boston 113
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$3B in construction projects fuel downtown Detroit’s growth

Construction Dive

Large developments, including Newlab at Michigan Central and the renovation of the Book Building skyscraper, were recently completed in the Motor City.

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Kassy Slaughter, Head of Construction Education at Procore

Construction Business Owner

Kassy Slaughter, Head of Construction Education at Procore ccapoccia Thu, 11/09/2023 - 15:10 No. 1 Must-Have: Humor. “I guess my story is that I watched too much “Law & Order” growing up, and so I was pretty hellbent on being a prosecutor,” said Kassy Slaughter, head of construction education at Procore. So, Slaughter went to community college for criminal justice and worked in a few law firms until she realized how inauthentic everyone seemed.

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Stop Making These Mistakes and Start Scaling Your Specialty Contractor Business

Anything that is built on a poor foundation will soon crumble from the ground up. This is literally the case in the construction stage of projects and it applies just the same during the pre-construction stage. This free eBook is your ultimate guide to scaling your business with customizable software as early as during the bidding stage.

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Proactive Risk Management Strategies for Oil & Gas Companies

Safety Services Company

The oil and gas industry plays a significant role in the global energy landscape and contribute to 82% of total primary energy consumption in the world. However, the industry is exposed to many risks that can significantly impair operations, the environment, and the safety of people. Let’s briefly examine the importance of risk management, the difference between proactive and reactive risk management strategies, and an additional proactive risk management strategy the oil and gas industry

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Ravi Bidichandani Recognized as a Rising Star

PC Construction

Last Thursday, the PC team gathered in South Burlington to cheer on Ravi Bidichandani, PC’s corporate director of business development, as he accepted his Rising Star Award from Vermont Business Magazine. Ravi is one of a very select group of recipients selected from 130 nominations, all under the age of 40. The award recognizes outstanding emerging leaders for their commitment to business growth, professional excellence and involvement in their communities.

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Why your megaproject needs a design integration manager

Construction Dive

As construction jobs grow in size and complexity, someone is needed to ensure the vision doesn’t get lost along the way, said panelists at the Design-Build Conference & Expo last week.

Design 133
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How to Maximize Equipment Accountability for Enhanced Productivity

Construction Business Owner

How to Maximize Equipment Accountability for Enhanced Productivity ccapoccia Wed, 11/08/2023 - 08:17 Accountability is the linchpin that holds together a well-oiled operation, especially when that operation consists of many moving pieces of equipment. The inability to know who did what, when, where and why makes it difficult to follow up and address issues such as lost, displaced and/or damaged equipment or poor maintenance management.

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Drive Profitability With a Construction-Specific ERP

For specialty contractors, using a construction software platform helps to lay the technological foundation required to support future growth and improved financial performance. Through integrated back office and field capabilities, you can improve how you bid, plan, staff, run, monitor, and close out self-performing projects, all while improving operational excellence.

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Taming the Red River

ENR Construction

Formed from an ancient glacial lake, the Red River Valley is famous for its flat landscape and fertile soil. Perhaps less known is that it is also one of the most flood-prone areas in the U.S.

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WSSC Bioenergy Project Nears Construction Completion

PC Construction

After three and a half years, the bioenergy project at WSSC Water’s Piscataway WRRF is nearing the completion of construction. A flurry of activity is taking place to put the final pieces in place, including the combined heat and power (CHP) system, gas cleaning system, digested sludge storage tank cover and the cake receiving building. The CHP system consists of three 1.5 MW engine generators and three 5,000 lb/hr steam boilers and serves multiple purposes for the project.

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Large contractors, union shops better at anti-harassment training

Construction Dive

While more than two-thirds of contractors emphasize the importance of inclusion, just 34% of small companies and 42% of non-union shops do so, a new report found.

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Kerri Brady, Vice President of Educational Practice at Huckabee

Construction Business Owner

Kerri Brady, Vice President of Educational Practice at Huckabee ccapoccia Thu, 11/09/2023 - 11:51 No. 1 Must-Have: “Radical love” Kerri Brady, AIA, vice president of educational practice at architecture firm Huckabee, describes her one “must-have” as radical love. And judging by the path her career has taken, it’s not hard to find where she’s incorporated it.

Education 296
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The Specialty Contractor's Guide to Job Cost Accounting

Supply chain challenges and rising material costs are forcing specialty contractors to pay more for what they need to complete each job. Following a simple set of principles, this easy-to-follow guide can help you manage job costs, ease the pains of accounting, and run a more profitable businesses. If you are a Specialty Contractor or Self-performing GC, you do not want to miss out on this essential guide!

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Autodesk University 2023 Construction Speaker Preview

Autodesk Construction Cloud

Taking place November 13-15, 2023 in Las Vegas, Autodesk University is the conference for those who make anything. From driving digital transformation in construction to implementing sustainable business practices, AU 2023 will be packed with learning and networking opportunities to help you achieve your career and business goals. AU 2023 has a strong lineup of keynotes , workshops, and live panels led by renowned industry and product experts.

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From Rust to Robust: Rasmussen Mech Performs Industrial Boiler Refit

Contractor Magazine

When an annual inspection at an ethanol plant found damage on a rental package water tube unit, Rasmussen Mechanical Services revived the unit into a fully functioning boiler.

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Amtrak Northeast Corridor projects get $16B in federal funding

Construction Dive

Major bridge and tunnel projects will make the nation’s busiest passenger railroad “safer, faster, and more reliable,” U.S. Transportation Secretary Pete Buttigieg said.

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